xID
Overview
xID is a digital identity solutions provider founded in 2012 and headquartered in Tokyo, Japan. The company focuses on developing digital ID applications that integrate blockchain technology to facilitate secure identity verification and management. xID's platform supports functionalities such as login authentication, digital signatures, and identity verification (e-KYC). With a team of 34 employees, xID remains privately held and has successfully raised $6.69 million in funding. Notable investors include Dai Nippon Printing, Resona Capital, and Sumitomo Mitsui Banking.
Recent Developments
- December 2024: xID completed a later-stage venture capital funding round as part of its growth strategy to enhance its service offerings and expand market reach. This funding round reflects the increasing demand for secure digital identity solutions in a rapidly evolving technological landscape.
- September 2023: The company completed a Series C funding round, highlighting continuous investor confidence in xID's business model and its potential to disrupt the digital identity industry.
- 2023: xID's integration with major financial services and government agencies in Japan has strengthened, leveraging partnerships to offer enhanced digital ID solutions. This development underscores xID's pivotal role in advancing secure and efficient identification processes.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2012 |
| Headquarters | Tokyo, Japan |
| Founders | Information not publicly available |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Dai Nippon Printing, Resona Capital, and Sumitomo Mitsui Banking |
| Industry | Business/Productivity Software |
| Number of Employees | 34 |
Early History
xID was founded in 2012 with the mission to provide advanced digital identity management solutions leveraging blockchain technology. Initially, the company's focus was on developing robust digital ID platforms capable of addressing security challenges in various sectors. From its inception, xID aimed to streamline identity verification processes while ensuring data integrity and user privacy. Over the years, strategic collaborations with tech giants and financial institutions have fortified its market position, facilitating significant technological advancements and setting the stage for xID's growth trajectory.
Company Profile and Achievements
xID's business model revolves around offering a comprehensive digital ID application that can be easily integrated with existing systems through its API. The platform's capabilities include secure login authentication, digital signatures, and electronic identity verification. The adoption of blockchain technology mitigates risks associated with identity fraud and enhances transaction transparency.
Significant achievements include:
- Developing Japan's first digital ID application leveraging blockchain technology, marking a pivotal advancement in identity management.
- Establishing key partnerships with national financial services and government entities, thereby securing a solid footprint in the digital identity sector.
- Raising substantial venture capital to fuel ongoing research and development efforts, furthering xID's technological edge.
Current Operations and Market Position
Currently, xID operates in the Business/Productivity Software industry, focusing on expanding its digital identity verification services across various sectors such as financial services and government agencies. xID holds a competitive advantage through its integration of blockchain technology, which ensures heightened security and data accuracy. The company's strategic initiatives include exploring new partnerships and enhancing its digital solutions to meet growing market demands for efficient and secure identity verification processes.
Conclusion
xID represents a pioneering force within the digital identity landscape, leveraging innovative technology to enhance security and efficiency across multiple sectors. The company's strategic growth, supported by substantial investor backing, underscores its potential to redefine digital identity management practices. As demand for secure identity solutions escalates, xID is well-positioned to play a critical role in shaping the future of digital transactions and identity authentication. With ongoing developments and continuous investment in technology, xID is poised for sustained growth and increased market influence.